Project Opera provides an all-encompassing facilities management service throughout the UK, including specialist cleaning and compliance activities.
The company undertakes planned preventative maintenance (PPM) schedules and call-outs for flexible contract cleaning; healthcare cleaning, in adherence to CQC and other guidelines; emergency and reactive cleaning, including for damaged properties and crime scenes; high-level and ATEX cleaning; Legionella compliance; and other services.
The business’s solutions are fully scalable, enabling it to effectively service single- and multi-premises portfolios. This facilitates the delivery of cleaning activities in properties such as offices, healthcare facilities, retail and hospitality outlets, warehouses, factories, and education settings.
Our client is offering the company for sale to facilitate retirement plans.
Key Highlights
- 1,300+ active clients on a contracted basis.
- Cleaning fulfilment rate of over 99%; industry average is 80%.
- Operates to the ISO 9001, 14001 and 45001 certification standards, and holds accreditations with SafeContractor and Constructionline / Facilitiesline.
- Large fleet of cars and vans streamline nationwide services, with all cleaning equipment replaced every five years to ensure operational efficiency.
- Vast network of contractors retained via performance bonds, assuring clients of the reliability and quality of services provided.
- Exceptional client retention rates; close to 33% of clients use the company’s services for 6–10 years, and 24% for 11+ years.
- Strong management succession in place, with a director capable of absorbing our client’s responsibilities, post-completion.
- Ideally placed to capitalise on opportunities within key sectors, particularly as many existing clients operate multiple sites throughout the UK.
Financial Highlights
- Generated a YE23 turnover of £10.6m, with an adjusted EBITDA of circa £720k.
- YE24 management figures indicate a turnover of £11.7m and adjusted EBITDA of £1m.
- Projected to achieve a YE25 turnover in excess of £13m.
- Contractual agreements safeguard over 94% of the revenue.
- Retained lucrative agreements with well-known brands that are continually growing their premises portfolios.
